A Skateboard Costing $16

question 58

Essay

A skateboard costing $16.23 was marked up to realize gross profit of 50% of the selling price.
a) What was the selling price?
b) What was the gross profit as a percent of cost?

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Definitions:

Self-consciousness

A heightened state of awareness of oneself, often marked by feelings of self-scrutiny and concern about how one is perceived by others.

Impaired Performance

A reduction in the efficacy or efficiency of an individual's ability to carry out tasks, often due to physical or psychological factors.

Denial of Reality

A psychological defense mechanism where an individual refuses to accept or acknowledge truths or facts of their situation.

SRRS

The Social Readjustment Rating Scale (SRRS) is a tool used to measure the stress load individuals carry by ranking different life events' impact.